Business Overview:
Well-established (since 1983), growing and profitable local pizza restaurant with building/property is ready for its next owner.
Key investment considerations:
* Revenues have grown by a compound annual growth rate (CAGR) of nearly 20 percent 2018 through 2020.
* Cash flow CAGR over same period exceeded 30 percent and exceeded $250,000 in 2020.
* Asking price broken down as follows:
-- $849,000 for business.
-- $195,000 for property with 3,300 square foot building.
* Open five days a week from 4p to 9p-10p, upside potential exists for new owner to expand to include lunch hours and other days.
* Offers dine-in, pick-up, delivery and par-baked pizzas; menu also includes breadsticks, wings, salads, beef roll and other hot/cold sandwiches.
* Owner willing to provide seller financing to qualified buyers.
Owner willing to remain on for a short period of time to ensure smooth transition.
Call now for more details!
Current owner purchased the business from the former owners in 2017 that established it in a western Chicagoland suburb downtown location in 1983.
The pizza restaurant industry is an important segment in the restaurant industry in the United States. With consumers dining in, getting takeout, and ordering delivery, pizza restaurant sales reached over 46 billion U.S. dollars in 2020. Pizza restaurant sales have seen almost consistent growth in the U.S. for almost a decade. The number of pizza restaurants in the United States has also been on the rise, increasing by over six thousand units in the last eight years to a high of more than 78 thousand units in 2020, though the impact of the 2020 coronavirus (COVID-19) pandemic on this trend is uncertain. See https://www.statista.com/topics/1610/pizza-delivery-market/.
Currently, this pizza restaurant is open five days a week from 4p to 9p (closes at 10p on Friday and Saturday). Growth potential exists for new owners to open more days per week and longer hours to include lunch.
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Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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